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ISE and ISE Gemini Report Business Activity for August 2013
September 3, 2013--ISE and ISE Gemini(TM) combined represent 16.2% of equity options market share, excluding dividend trades.
ISE reported a combined ADV of 2.1 million contracts.
Dividend trades made up 1.7% of industry volume in August 2013.
The International Securities Exchange (ISE) today reported a combined average daily volume (ADV) of 2.1 million contracts in August 2013 for its two exchanges, ISE and ISE Gemini. This represents16.2% of U.S. equity options market share.
Business highlights for the month of August include:
On August 5, ISE Gemini launched as the twelfth U.S. options exchange.
On August 27, ISE Gemini became the fastest new exchange to surpass two percent market share in equity options and also announced a successful accelerated product rollout.
On August 28, ISE was the first U.S. options exchange to sign a Memorandum of Understanding to facilitate information sharing with Moscow Exchange.
For the month of August, Implied Order functionality accounted for 7.2% of all non-crossing, multi-legged contract volume executed on ISE.
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Source: ISE (International Securities Exchange)
First Trust Announces Name Change for First Trust High Yield Long/Short ETF
September 3, 2013-- First Trust Advisors L.P. ("First Trust") announced today that the Board of Trustees (the "Board") of First Trust Exchange-Traded Fund IV (the "Trust"), has approved a name change for First Trust High Yield Long/Short ETF (the "Fund"), a series of the Trust. Effective September 4, 2013, the Fund's name will change to "First Trust Tactical High Yield ETF." The Fund's ticker symbol (Nasdaq: HYLS) and CUSIP will not change.
The Fund is an actively managed exchange-traded fund that seeks to provide current income as its primary investment objective. The Fund’s secondary investment objective is to provide capital appreciation. Under normal market conditions, the Fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in high yield debt securities that are rated below investment grade at the time of purchase or unrated securities deemed by the Fund’s advisor to be of comparable quality.
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Source: Mootley Fool
Itau to launch ETF in Chile
September 1, 2013--Itaú Asset Management is to launch on Monday the first locally-domiciled exchange traded fund to be listed in Chile,
marking the start of a new chapter in the developing ETF industry in Latin America.
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Source: FT.com
Flow from equity and bond funds continue: TrimTabs
September 1, 2013--The recent decline in U.S. equities pushed investors to redeem $16.7 billion in U.S. equity mutual funds and exchange-traded funds (ETFs) in August through Wednesday, data from research provider TrimTabs showed on Sunday.
The outflow reversed almost half of July's $39.3 billion inflow, the firm noted, an amount that was a record.
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Source: Yahoo News
Flow from equity and bond funds continue: TrimTabs
September 1, 2013--The recent decline in U.S. equities pushed investors to redeem $16.7 billion in U.S. equity mutual funds and exchange-traded funds (ETFs) in August through Wednesday, data from research provider TrimTabs showed on Sunday.
The outflow reversed almost half of July's $39.3 billion inflow, the firm noted, an amount that was a record.
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Source: Yahoo News
Fee Rate Advisory #1 for Fiscal Year 2014
August 30, 2013--The Securities and Exchange Commission today announced that in fiscal year 2014, the fees that public companies and other issuers pay to register their securities with the Commission will be set at $128.80 per million dollars.
The Commission determined this new rate in accordance with procedures required under the securities laws. Accordingly, the Commission consulted with both the Congressional Budget Office and the Office of Management and Budget regarding the annual adjustment.
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Source: SEC.gov
CFTC.gov Commitments of Traders Reports Update
August 30, 2013--The current reports for the week of August 27, 2013 are now available.
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Source: CFTC.gov
Preliminary Annual Report On U.S. Holdings Of Foreign Securities At Year-end 2012
August 30, 2013--Preliminary data from an annual survey of U.S. portfolio holdings of foreign securities at year-end 2012 were released today and posted on the Treasury web site.
Final survey results, which will include additional detail as well as possible revisions to the data, will be reported on October 31, 2013.
The survey was undertaken jointly by the U.S. Department of the Treasury, the Federal Reserve Bank of New York, and the Board of Governors of the Federal Reserve System.
view the Preliminary Annual Report on U.S. Portfolio Holdings of Foreign Securities at End-December 2012
Source: US Department of the Treasury
Brazil economy grows 1.5%
August 30, 2013--Brazil, Latin America's leading economy, expanded 1.5% in the second quarter of 2013 compared with the previous three month, exceeding the most optimistic market expectations, official statistics showed Friday.
Economists, who had expected GDP growth of between 0.7% and 1.3%, said the second quarter result would be the best this year.
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Source: FIN24
Syria: Russell 3000(R) Index provides historical perspective on U.S. market amid global uncertainty
August 29, 2013--With the situation in Syria creating market uncertainty about a possible US response, some market participants may be concluding that military tension is bad for markets.
Looking at previous U.S. military conflicts in the Middle East, the Russell 3000 Index has shown at least a +10% outperformance for three months following U.S. engagement compared to the three months preceding the engagement.
"We certainly should expect volatility as investors react to the troubling news of the day, but historically the market impact from anticipation of military intervention in situations like this has usually been worse than the market impact from the actual intervention itself," said Erik Ristuben, Chief Investment Strategist at Russell Investments.
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Source: Russell Investments.
